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Sinking gold price changed US mining landscape during H1 – USGS

By: Henry Lazenby The sliding gold price contributed to a significantly changed US gold-mining landscape during the first half of 2015, influencing a 9% year-on-year decrease in domestic output for April, the US Geological Survey (USGS) said in a new mineral industry survey on the yellow metal. Gold output by US... 

Klondex’s flagship Fire Creek to provide ‘immediate positive cash’

By: Henry Lazenby Narrow-vein gold miner Klondex Mines this week announced the results of an independent preliminary economic assessment for its Fire Creek project near Elko, Nevada, which concluded that the project could be developed in a short time frame to be the cornerstone for Klondex’s growth. The PEA,... 

Veris Gold rises as restructuring committee investigates strategic alternatives

By: Henry Lazenby The TSX-listed stock of North American gold producer Veris Gold on Monday climbed after the company announced that a restructuring committee announced earlier this month was investigating strategic alternatives and planning the financial restructuring of the company. The three-man team is... 

Veris Gold stocks slashed in half on gold contract default

By: Henry Lazenby The TSX-listed stock of North American miner Veris Gold lost more than half its value on Wednesday afternoon after the company revealed that it had defaulted on two forward gold purchase contracts with Deutsche Bank’s (DB’s) London branch. The Vancouver-based mid-tier company, which is operating... 

Micromine completes first stage of automated data collection project at Diavik

By: Henry Lazenby Software solutions and services provider Micromine has completed implementing the first stage of the Pitram automated data collection project at the Diavik diamond mine, in Canada’s Northwest Territories, enabling the mine’s joint venture owners, Rio Tinto and Dominion Diamond Corp, to more... 

Veris Gold makes senior management appointments

By: Henry Lazenby TSX-listed miner Veris Gold this week made several immediate senior-level appointments, including the appointment of president Llee Chapman as CEO and director and Graham Dickson as COO. In addition to his COO position, Dickson would remain senior VP for corporate development. The company also... 


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